Exchange / Interest Rates: The investors are betting on a rate cut by the ECB!
Following the announcement of a sharp contraction in private sector activity to monetary union, the market expected an imminent action by the ECB, which supported the exchange in early trading.
“The latest leading indicators cast some concern about the growth in the eurozone. It is essential that the ECB whether to allow a rebound during the second half of the year. It must at least cut rates in June,” strategists believe Credit Mutuel-CIC.
Austria’s Ewald Nowotny, a member of the Board of Governors of the Mint, said that the ECB had “not yet used his entire arsenal”, while being careful not to say whether she would take other exceptional measures,
Greece once again dominated the debates.
ChrisWeston for IG Markets, “the possibility of leaving the country (the euro) remains strong. The next elections are very close, but above all European leaders are beginning to realize that Athens has never held its promises and that this should continue. ”
The latest polls put the party anti-Greek austerity Syriza in mind for the next general election of June 17, with 30% of the vote, against 26% for New Democracy (ND).
AIR FRANCE: A STEP TOWARDS CLAIRVOYANCE?
As for valuesâ€‹â€‹, Air France-KLM took 2.18% to 3.47 euros. The company acknowledged for the first time face a “redundant” and announced a reduction of its fleet, along with a rise of low-cost subsidiary Transavia.
The Minister for Transport and Maritime Economy, FrÃ©dÃ©ric Cuvillier, said he was opposed to “any plan providing for non-voluntary.”